Question

5. X and Y are partners in a firm having capital balances of RS 60,000 and RS 40,000 respectively. C is admitted as a partner for 1/5th share in the profit. If C brought proportional capital in the firm, his share of capital would be: a. RS 25,000 b. RS 20,000 C. RS 30,000 d. None of these ​

Answer 1

Answer:

Working Note:

Calculation of hidden goodwill:

Total Capital of the firm after admission= 50000+50000+80000+40000

Answer 2

Answer:

c) ₹30000 only

Explanation:

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